American Century Companies Inc. Buys 191,405 Shares of Mission Produce, Inc. $AVO

American Century Companies Inc. increased its stake in shares of Mission Produce, Inc. (NASDAQ:AVO) by 28.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 861,139 shares of the company’s stock after purchasing an additional 191,405 shares during the period. American Century Companies Inc. owned approximately 1.22% of Mission Produce worth $10,093,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Mission Produce by 3.0% during the 1st quarter. Vanguard Group Inc. now owns 2,920,349 shares of the company’s stock worth $30,605,000 after buying an additional 85,984 shares during the period. Geode Capital Management LLC raised its position in shares of Mission Produce by 11.7% in the 2nd quarter. Geode Capital Management LLC now owns 1,183,208 shares of the company’s stock valued at $13,869,000 after acquiring an additional 123,678 shares during the period. Trexquant Investment LP boosted its stake in Mission Produce by 31.7% during the 1st quarter. Trexquant Investment LP now owns 266,020 shares of the company’s stock worth $2,788,000 after acquiring an additional 64,045 shares during the last quarter. Algert Global LLC grew its holdings in shares of Mission Produce by 221.5% in the 1st quarter. Algert Global LLC now owns 251,784 shares of the company’s stock valued at $2,639,000 after buying an additional 173,472 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in Mission Produce by 29.8% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 204,889 shares of the company’s stock valued at $2,147,000 after acquiring an additional 46,992 shares during the period. Institutional investors and hedge funds own 63.57% of the company’s stock.

Mission Produce Price Performance

NASDAQ:AVO opened at $12.03 on Friday. The stock has a market capitalization of $849.56 million, a PE ratio of 22.28 and a beta of 0.58. Mission Produce, Inc. has a 1-year low of $9.56 and a 1-year high of $15.25. The firm has a fifty day simple moving average of $11.89 and a 200 day simple moving average of $12.00. The company has a current ratio of 2.04, a quick ratio of 1.30 and a debt-to-equity ratio of 0.25.

Mission Produce (NASDAQ:AVO) last announced its quarterly earnings results on Wednesday, November 13th. The company reported $0.15 EPS for the quarter. The firm had revenue of $261.40 million during the quarter. Mission Produce had a net margin of 2.73% and a return on equity of 7.89%. On average, research analysts expect that Mission Produce, Inc. will post 0.34 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently issued reports on AVO. Zacks Research lowered Mission Produce from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 10th. Stephens started coverage on shares of Mission Produce in a research note on Friday, September 12th. They issued an “overweight” rating and a $17.00 price target on the stock. Roth Capital increased their price objective on shares of Mission Produce from $16.00 to $17.00 and gave the stock a “buy” rating in a research report on Tuesday, September 9th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mission Produce in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Mission Produce currently has an average rating of “Moderate Buy” and an average price target of $17.00.

Insiders Place Their Bets

In other Mission Produce news, major shareholder Holdings Venture Globalharvest acquired 72,165 shares of the company’s stock in a transaction on Thursday, November 6th. The shares were purchased at an average price of $11.94 per share, for a total transaction of $861,650.10. Following the completion of the purchase, the insider directly owned 7,237,192 shares of the company’s stock, valued at approximately $86,412,072.48. This represents a 1.01% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders purchased a total of 130,811 shares of company stock worth $1,552,487 over the last 90 days. 35.41% of the stock is owned by insiders.

Mission Produce Company Profile

Mission Produce, Inc engages in the sourcing, farming, packaging, marketing, and distribution of avocados, mangoes, and blueberries to food retailers, distributors, and foodservice customers in the United States and internationally. The company operates through three segments, Marketing and Distribution; International Farming; and Blueberries.